Building development
strategy of
renewable energy
sourcesThursday, 12 May
2011

That a strategy and
master plan for
developing renewable
energy sources in
Vietnam have been
approved will be an
important legal
basis for investors
to implement
projects exploiting
potential renewable
energy sources in
Vietnam.

At a meeting with
the ministries
concerned in April
2011 to address a
range of new issues
in the current
energy balance as
well as in the
situation that a
series of wind and
solar energy
projects are pending
a full legal
framework, Deputy
Prime Minister Hoang
Trung Hai instructed
the Ministry of
Industry and Trade
to soon seek
opinions from
related ministries
on a strategy and
master plan for
developing renewable
energy sources to
2030, and the vision
to 2050, thereafter
submit them to the
Government for
consideration and
approval.

Deputy Prime
Minister confirmed
this would be an
important legal
basis for investors
to implement
projects exploiting
potential renewable
energy sources,
especially a series
of wind power
projects in the
South Central
Province, on islands
and in remote areas.
He also signaled the
views and
encouragement on
increasing the
promotion of
renewable energy
exploitation and
utilization to meet
the demand of
national energy
balance and
sustainable
development at
present.

Deputy Prime
Minister Hoang Trung
Hai also noted that
the drafting
agencies should
develop specific
mechanisms of
mobilizing capital,
procedures, project
catalogs, human
resources and
scientific research…
to best facilitate
and develop
effectively this
field, and at the
same time complete
data and energy
statistics, set up
criteria and goals
that are more
updated than the
current national
energy development
strategy.

According to the
Ministry of Industry
and Commerce, the
assessment and
analysis of the
balance of energy
sources at present
show the urgent need
to exploit and
promote new energy
sources as well as
renewable energy
sources in Vietnam.

Survey results on
the potential of
renewable energy
sources across the
country show that
Vietnam now has more
than 1,000 sites
where small
hydroelectric power
plants with a total
capacity of about
7,000 MW can be
built. Particularly,
the micro hydro
power with capacity
under 0.1 MW is
suitable for the
electrification of
remote areas.

A survey by the
Electricity of
Vietnam Corporation
reveals that energy
potential is
approximately 2,000
MW; biomass energy
is around 800 MW;
and the potential of
solar energy,
geothermal and tidal
energy is great.

As of 2010, the
exploitation of
renewable energy in
Vietnam only
produced the total
capacity of about
550 MW, mainly from
small hydros and
biomass. Meanwhile,
wind and solar power
stations had been in
small scale with a
total installed
capacity of about 10
MW.

The main cause of
this situation is
that the economic
efficiency of these
energy sources is
not really
attractive.
Moreover, the
mechanisms and
policies, the
implementation, the
database, the
application of
technology, etc, are
inappropriate, thus
restraining the
implementation of
renewable energy
projects.

By An Nguyen

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►12/05/2011: Building
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